Cominco buys zinc refinery
By purchasing an interest in a Peruvian refinery, Cominco (TSE) has boosted its zinc-producing capacity. The company has acquired 83% of the shares of the Peruvian company that owns the Cajamarquilla …
News
Golden News explores project
Underground channel sampling from turn-of-the-century mine workings on the San Antonio gold property in Mexico’s Sonora state has uncovered a new mineralized zone. Golden News Resources (TSE) reports …
Westmin explores Dragon property
Toronto-listed Westmin Resources will continue to explore the Dragon property on Vancouver Island, B.C., under the terms of a previously negotiated option-joint venture agreement with Doromin Resource…
Loki program at Brewery Creek
This year’s exploration and predevelopment work on the Brewery Creek gold property, east of Dawson City, Y.T., is nearing completion. The 1994 program, carried out by owner Loki Gold (TSE), was design…
NEWS ROUNDUP — Silver Standard options Lucifer
Junior Silver Standard Resources (VSE) has an option to acquire the Lucifer property in central Mexico. The property comprises 290 hectares and is about 5 km north of the Mapimi mine, which produced s…
MSV increases revenue, earnings
Revenue and earnings were higher, but third-quarter production of 12,439 oz. gold and 3.12 million lb. copper was off slightly from the same period in 1993, MSV Resources (ME) reports. A higher copper…
Sutton resumes Guyana drilling
Drilling is nearing the halfway point of a 40,000-ft., US$1.5 million exploration program for Sutton Resources (VSE) on its Marudi concession in southern Guyana. The drill program is to confirm the re…
Darnley Bay dispute resolved
A dispute has been resolved concerning prospecting permits issued to Darnley Bay Resources by the Department of Indian Affairs and Northern Development (DIAND). A portion of Darnley Bay’s ground lies …
PEOPLE — PAN PACIFIC
William Meehan appointed president and director.
THE DIAMOND PAGE — Drill results give boost to Daivik
Partners Kennecott and Aber Resources (TSE) have received good news regarding their Daivik property in the Lac de Gras area of the Northwest Territories. Hole A154-3 returned 376 microdiamonds and 170…
STOCK MARKETS — Interest rate fears drag down TSE
Recent increases in bond yields have kept stock investors on the defensive and worried that interest-bearing investments will draw money out of equity markets. This lack of investor confidence helped …
Further drilling at Rainbow
A third phase of drilling totaling 7,000 ft. in 14 holes is under way on the Rainbow property near Kamloops, B.C. Teck (TSE) recently completed a 70% earn-in on the property and Getchell Resources (VS…